2025-06-18T12:27:01-05:00 2024-12-31 113066459 CERINI & ASSOCIATES LLP 3340 VETERANS MEMORIAL HWY BOHEMIA NY 11716 990 2024-01-01 272002488 OAKCLIFF SAILING INCORPORATED OAKC 5168020368 4 SOUTH STREET OYSTER BAY NY 11771 DAWN RILEY EXECUTIVE DIRECTOR 5168020368 2025-06-18 1 0 MATT BURKE P00760659 6315821600 2025-06-04 2024 2025-03-06 01:10:19Z DAWN RILEY 5249612 0 X WWW.OAKCLIFFSAILING.ORG X 2010 DE SEE SCHEDULE O.THE ORGANIZATION IS ORGANIZED AND SHALL BE OPERATED AS AN AMATEUR SPORTS ORGANIZATION TO FOSTER NATIONAL AND/OR INTERNATIONAL SAILING COMPETITION. 9 9 22 69 0 0 2117456 3207274 208723 236143 415844 -582157 154876 268182 2896899 3129442 0 0 0 0 773982 734931 0 0 153891 3124667 3390963 3898649 4125894 -1001750 -996452 6390840 5372304 987249 822463 5403591 4549841 X SEE SCHEDULE O.OAKCLIFF SAILING INCORPORATED ("THE ORGANIZATION") IS DEDICATED TO BUILDING AMERICAN LEADERS THROUGH SAILING BY PROVIDING COACHING, MENTORSHIP AND JOB TRAINING BOTH ON AND OFF THE WATER. THE ORGANIZATION TRAINS ATHLETES FOR NATIONAL AND INTERNATIONAL COMPETITION. 0 0 1989720 194787 THE ACORN AND SAPLING TRAINING PROGRAMS INCLUDED OFFSHORE, INSHORE, AND HIGH PERFORMANCE, SESSIONS. THE WINTER TRAINING IN THE SAPLING APPRENTICESHIP PROGRAM SAW THE RETURN OF HIGH SCHOOL STUDENTS FULL TIME AS WELL AS MANY WHO DID 2-3 WEEK SESSIONS OVER THEIR REGULAR SCHOOL BREAKS. THIS WINTER SAPLING PROGRAM COMPLETELY REFURBISHED THE PRIMARY RACE COMMITTEE BOAT. THE HIGH SCHOOL PROGRAM TRAVELED TO FOILING WEEK AND DOMINATED ON THE RACE COURSE. THE 12 METRE PROGRAM CONTINUED IN PARTNERSHIP WITH THE MET SCHOOL. MANY TEAMS FORMED, FUNDRAISED, TRAINED AND RACED THE BERMUDA RACE. 1304791 OFFSHORE COMPETITION: BUILDING ON LAST YEAR WHEN THE VINEYARD RACE WAS FULLY BOOKED, OAKCLIFF SENT 6 BOATS AND 92 SAILORS TO BERMUDA AND BACK IN THE LEGENDARY NEWPORT TO BERMUDA RACE. THE KER 50 WAS 3RD IN CLASS AND OC86 WITH 24 YOUNG SAILORS ON BOARD WON MANY PRIZES INCLUDING THE HAWKINS YOUTH PRIZE. ADDITIONALLY, 27 OAKCLIFF SAILORS UNDER 24 COMPLETED THEIR VERY FIRST BERMUDA RACE. OAKCLIFF ALSO RACED BOTH MACKINAC RACES ON THE GREAT LAKES. TEMPTATION THE JV66 ROUNDED OUT THE SEASON BY COMPETITING ADMIRABLY AT THE ORC WORLD CHAMPIONSHIPS IN OCTOBER. 377564 41356 INTERNATIONAL TRAINING & EVENTS: OAKCLIFF HOSTED 14 GRADED MATCH RACE EVENTS AND THE TRIPLE CROWN SERIES. THE TRIPLE CROWN IS TO SUPPORT OLYMPIC HOPEFULS AND PROVIDE DIRECT ATHLETE SUPPORT THAT US SAILING OAKCLIFF ADDED THE ILCA 6 AND ILCA 7 FLEETS. OAKCLIFF SAILORS BROUGHT HOME THE BRONZE MEDAL FROM THE OLYMPICS. THIS MEANS THAT OAKCIFF HAS SURPASSED ANY OTHER PLACE, INCLUDING THE NGB IN TRAINING OPPORTUNITES AND SUPPORT OF OLYMPIC ATHLETES. ADDITIONALLY OAKCLIFF CONTINUES TO RUN MORE MATCH RACING THAN ANYONE ELSE IN THE WORLD AND AS A RESULT AMERICAN SAILORS HAVE RISEN TO THE TOP OF THE INTERNATIONAL MATCH RACING RANKINGS. 3672075 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 22 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA FL IL MD MA MI NH NJ NY PA VA X X DAWN RILEY 5168020368 4 SOUTH STREET OYSTER BAY NY 11771 KIRK RADKE PRESIDENT 3.00 X X 0 0 0 BILL SIMON TREASURER 4.00 X X 0 0 0 JOE STOPPER ASSISTANT TREASURER 3.00 X X 0 0 0 PAUL CUNEO BOARD MEMBER 3.00 X 0 0 0 ART SANTRY VICE PRESIDENT 3.00 X X 0 0 0 WILLARD FREEMAN BOARD MEMBER 3.00 X 0 0 0 MATT KELLEY BOARD MEMBER 3.00 X 0 0 0 DENISE BENOU STIRES BOARD MEMBER 3.00 X 0 0 0 DOUG REYNOLDS BOARD MEMBER 3.00 X 0 0 0 DAWN RILEY EXECUTIVE DIRECTOR 60.00 X 243110 0 0 243110 0 0 1 0 1 0 0 3207274 2406687 3207274 TRAINING PROGRAM 900099 194787 194787 REGATTA ENTRY FEES 900099 41356 41356 236143 938 938 148664 0 148664 148664 148664 1441075 96000 1443266 676904 -2191 -580904 -583095 -580904 -2191 19630 0 19630 19630 EVENTS AND OTHER PROGRAMS 900099 46817 46817 PROFESSIONAL APPEARANCE FEES 900099 29762 29762 OTHER 900099 23309 23309 99888 3129442 -225243 0 147411 243110 194488 36467 12155 409033 327228 61355 20450 33167 26534 4975 1658 49621 39697 7446 2478 24155 24155 93366 25969 4136 63261 39755 6122 30303 3330 306985 233090 35396 38499 1052101 1048524 1368 2209 244616 168563 76053 BOAT REPAIR AND EQUIPME 737147 737147 BOAT OPERATIONS 662715 662715 REGATTA EXPENSES 97505 97505 FACILITIES AND EQUIPMEN 53300 42200 5550 5550 79318 62293 12724 4301 4125894 3672075 299928 153891 611035 547914 98070 1250 31701 46370 500 12077998 7929224 4827726 4148774 821808 627996 6390840 5372304 122543 152816 864706 669647 987249 822463 X 5194766 4215294 208825 334547 5403591 4549841 6390840 5372304 -996452 142702 0 X 0 1 X 1 0 X 3266541 3008905 2124338 2117456 3207274 13724514 3266541 3008905 2124338 2117456 3207274 13724514 7794054 5930460 61300 64838 20287 12671 149602 308698 9698 108929 127097 120102 99887 465713 14498925 0.40900 0.41790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 514287 260614 253673 11563711 7668610 3895101 4148774 SECURITY DEPOSIT 23225 RIGHT-OF-USE-ASSET 604771 627996 LEASE LIABILITY 669647 669647 X 3527867 398426 398426 3129441 0 3129441 4524320 398426 398426 4125894 0 4125894 PART X, LINE 2: THE ORGANIZATION EVALUATED FOR UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS FOR 2024 AND 2023. 0 0 0 0 0 0 0 0 0 DAWN RILEY EXECUTIVE DIRECTOR 243110 0 0 0 0 0 0 0 0 0 243110 0 0 0 X 6 596621 FMV X 2 1443266 FMV X SAILS 3 366800 FMV 0 1 0 PART I, LINE 32B: DONATING BOATS EQUIPMENT & STOCKS: STEP BY STEP: DOES THE BOAT / ITEM QUALIFY UNDER THE GIFT ACCEPTANCE POLICY: THE CORPORATION WILL ACCEPT NON-CASH GIFTS PURSUANT TO THE FOLLOWING CRITERIA: - SECURITIES, STOCK AND BONDS, WILL BE ACCEPTED. WITHIN 30 DAYS OF TRANSFER, THEY MUST BE SOLD AT CASH VALUE. THAT CASH MAY SUBSEQUENTLY BE INVESTED IN STOCKS OR BONDS PURSUANT TO THE CURRENTLY APPROVED INVESTMENT STRATEGY, WHICH SHALL BE REVIEWED PERIODICALLY BUT NOT LESS THAN ANNUALLY. - EQUIPMENT THAT MAY BE USED IN THE CURRENT OR PLANNED DAILY OPERATIONS OF THE FOUNDATION AND DOES NOT REQUIRE MORE THAN 50% OF ITS VALUE IN REPAIR WILL BE ACCEPTED. EXAMPLES ARE TOOLS, FORK LIFTS, OFFICE FURNITURE, TENTS, SUPPLIES, ETC. - ALL VESSELS WILL BE CONSIDERED. PRIORITY WILL BE GIVEN TO RACING SAILBOATS IN THE 40 TO 50 FOOT RANGE, WHICH ARE IN TOP SHAPE. VESSELS OVER THIS SIZE WHICH MAY REQUIRE A LARGER OPERATING BUDGET DUE TO THEIR SIZE OR LOCATION WILL BE CONSIDERED BUT AN ADDITIONAL REVENUE GENERATING PLAN MUST BE ASSOCIATED WITH THE ACCEPTANCE. THIS MAY BE FOR THE DONOR TO MAKE AN ADDITIONAL CASH DONATION EQUAL TO THE OPERATING EXPENSES FOR THE NEXT THREE YEARS. - RIBS WILL ALWAYS BE ACCEPTED EVEN IF IT IS JUST FOR PARTS AS THESE ARE ALWAYS USEFUL. - VESSELS WHICH CAN BE USED FOR SPECTATOR PLATFORMS AND ACCOMMODATION WILL BE CONSIDERED BUT THE SIZE AND OPERATING EXPENSES WILL HAVE TO BE CAREFULLY CONSIDERED. - VESSELS WHICH DO NOT MEET THE ABOVE CRITERIA MAY BE ACCEPTED IF THEY MAY BE VALUABLE FOR PARTS OR IF THE WORK REQUIRED ON THE VESSEL IS OF A TYPE THAT WILL BE A QUALITY TRAINING OPPORTUNITY FOR THE FOUNDATION'S PROGRAMS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS MADE AVAILABLE TO ALL BOARD MEMBERS ELECTRONICALLY FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS MONITORED THROUGH THE SUBMISSION OF ANNUAL DISCLOSURE STATEMENTS, AND FOLLOW-UP ON ANY CONFLICTS DISCLOSED ON THOSE STATEMENTS. FORM 990, PART VI, SECTION B, LINE 15 NEW HIRING DECISIONS ARE MADE BY THE EXECUTIVE DIRECTOR AS LONG AS IT FITS INTO THE BUDGET. FOR ADDITIONAL HIRES BOARD APPROVAL IS SOUGHT. FORM 990, PART VI, SECTION C, LINE 19 THE CORPORATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.